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News Now

CU System
Louisiana CUs fewer assets doubled in decade
HARAHAN, La. (2/10/11)--In the past decade, the number of Louisiana credit unions decreased, while assets nearly doubled, based on data reported to the National Credit Union Administration (NCUA) by credit unions for the period of June 30, 2000 through June 30, 2010. For that time period:
* The number of Louisiana credit unions decreased 21.13% to 224 from 284; * Assets nearly doubled, increasing 94.95% to $8.35 billion, from nearly $4.3 billion; and * Current members increased 14.85% to 1,181,795, from 1,029,026.
The Louisiana Credit Union League compared the population of Louisiana as it related to the total number of current members in credit unions. Nearly 26.07% of the population were members in 2010, up from 23.03% in 2000 (eNews Feb. 9). This is based on the number of current members reported by all credit unions in Louisiana and does not take into account the possibility of one individual having membership in multiple credit unions.


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